LIC Jeevan Kishore Plan


Policy Discontinued

LIC Jeevan Kishore Plan


LIC Jeevan Kishore Plan is an Endowment Assurance Plan for a child such that Sum Assured plus Bonus would be paid for the child’s benefit on the term’s maturity. The proposer can further secure his child’s future by opting for Premium Waiver Benefit rider, such that if he dies before the policy matures, then the future premiums would be waived. There are additional rider benefits like Premium Waiver Benefit. Once the child attains majority, the policy gets transferred to his name and then he can also opt for Accidental Death Benefit rider by paying additional premium.





Key Features of LIC Jeevan Kishore Plan


  • There are additional riders like Premium Waiver Benefit which can be availed by the proposer and Accidental Death Benefit rider that can be availed by the child after he is 18 years old
  • On Maturity the Life Insured or his nominee would receive the Sum Assured + Bonus
  • The policy can be taken by the child’s parents or legal guardian, if parent is not alive
  • Risk on a child’s life commences after 2 policy years or the child attains 7 years of age, whichever is later




Benefits you get from LIC Jeevan Kishore Plan


Death Benefit – In case of death of the child, i.e. the Life Insured before the risk commencement then the nominee would get only the basic premiums paid till date. In case of death of the child, i.e. the Life Insured after the risk commencement then the nominee would get Sum Assured + accrued Bonus till date.
In case the proposer dies before the policy matures, the Insurer pays the premium if the Premium Waiver Benefit rider has been opted for.


Maturity Benefit – On maturity, the life insured gets the Sum Assured plus Bonus.


Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C



Eligibility conditions and other restrictions in LIC Jeevan Kishore Plan





Sum Assured (in Rs.)



Policy Term (in years)



Premium Payment Term (in years)

Equal to Policy Term

Entry Age of Policyholder (in years)



Age at Maturity (in years)



Single Premium (in Rs.)



Payment modes

Single, Yearly, Half-Yearly and Quarterly



Sample illustration of premium amount in LIC Jeevan Kishore Plan


Age = 1, 5 and 10 years

Policy Term = 30 years

Premium Paying Term = Regular Pay

Sum Assured = Rs 1,00,000

LIC Jeevan Kishore Plan Sample Premium Amounts


Additional Features and Benefits of LIC Jeevan Kishore Plan


Riders – There are 2 additional riders available in this policy

1.     Premium Waiver Benefit- that can be opted by the proposer

2.     Accidental Death Benefit- that can be obtained by the life insured once he is at least 18 years.



What happens if?


You stop paying the premium – The policy will lapse if the premium stops. However, it can be revived within a specific period.


You want to surrender the policy – The policy may be surrendered after it has been in force for 3 years or more.  The guaranteed surrender value, if policy is surrendered before the date of commencement of risk is 90 % of premiums paid excluding premium for the first year. If policy is surrendered after the date of commencement of risk, the guaranteed surrender value is 30 % of premiums paid after commencement of risk together with 90 % of premiums paid before the commencement of risk. Premiums for the first year and the premiums for Premium Waiver Benefit, if any, will be excluded.


You want a loan against your policy – Loan is available after the policy is vested to the Life Insured, i.e. after he attains 18 years of age.



Alternate Child Plans from different insurance companies


1.     ING Vysya Creating Life Money Back Plan

2.     MetLife Junior Endowment Participating

3.     Tata AIG Star Kid



Other Child Plans from Life Insurance Corporation of India







1.     LIC Jeevan Anurag

2.     LIC CDA Endowment Vesting At 21

3.     LIC CDA Endowment Vesting At 18

4.     LIC Child Career Plan

5.     LIC Jeevan Chhaya

6.     LIC Marriage Endowment Or Educational Annuity Plan


~ By Deepak Yohannan
Note: This is a statement of facts based on the information collected from the LIC Jeevan Kishore Plan brochure and insurance company's website. It should not be construed as a Critical or Favourable LIC Jeevan Kishore Plan Review, Analysis or Recommendation.
Insurance is a subject matter of the solicitation.

Leave a Comment

i have taken Jeewankishore LIC policy for my son when he was 1 year old. today he is 8 years old.. I have paid 7 annual premium of Rs.27505(Rs.1,92535) so far. I dont want to continue this policy anymore.. How do I surrender the policy and get the surrender value.what is the procedure.Pls let me know.


By Ramamurthy Vishwanathan on Sep 16, 2014 Reply

You will need to visit the LIC Branch mapped to your policy for surrendering the policy. Carry the below documents –

  1. Identity Proof (PAN card or Passport)
  2. Original Policy Document
  3. Bank passbook / statement where you want the funds to be credited

To find which is the issuing branch of your policy, refer to your policy document.

Replied By Manoj Aswani (MIC Staff) on Sep 20, 2014 Reply

Please give me maturity amt of policy no 9777339910 LIC jeevan kishor..
Shishir Kumar Sahu

By Bradburn Seo on Jul 12, 2013 Reply

Dear Shishir, we would need more details on the policy to help you with this. Pls send the details of the plan and we will guide you though.

Replied By Admin (MIC Staff) on Jul 17, 2013 Reply

pl give me maturity amt of policy no 901241096 jeevan kishor

By Unnati Ramesh Hajare on Feb 09, 2013 Reply

sir any AGENT FROM surat plz con.7600484003

By Vijay on May 08, 2012 Reply

sir acha child plan bataiye pleas

By Anil Yadav on Feb 15, 2012 Reply

Can we do this policy by Online for getting Bonus and comission facility to ourselves
ph 9437106362/9437074733

By Gagan Bihari Swain on Dec 20, 2011 Reply

liked policy but has some confusions about returns. my baby is of 4 months. can i get detail sheet of how much i get if i hav pay Rs 12000 premium per year for 20 yrs

By Rathi on Nov 29, 2011 Reply

Know more about this policy

Date of Birth


  I agree to the Terms & Conditions
  and Privacy Policy.

Save Tax and Protect your Family is Approved Web Aggregator

Stay Connected!